Bilibili Expands ACG Content with the Acquisition of NetEase Comics Assets
December 12 2018 - 6:00AM
Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI), a
leading online entertainment platform for young generations in
China, today announced that it has signed an agreement with certain
affiliates of NetEase, Inc. to acquire major assets from NetEase
Comics, one of China's largest online comic platforms, including
relevant copyrights of a large number of established and
well-followed storylines from leading publishers and comic artists.
“NetEase Comics’ extensive comic resources and
reputation for a great user experience make it an exciting addition
to our newly launched Bilibili comic business,” said Ms. Carly Lee,
Chief Operating Officer of Bilibili. “The addition of this
extensive library of well-known content deeply enriches our online
comic offerings. It not only complements our core users’ growing
appetite for premium licensed ACG content, but also solidifies our
leading position in China’s ACG industry.”
About Bilibili Inc.
Bilibili represents the iconic brand of online
entertainment with a mission to enrich the everyday life of young
generations in China. Bilibili is a full-spectrum online
entertainment world covering a wide array of genres and media
formats, including videos, live broadcasting and mobile games.
Bilibili provides an immersive entertainment experience and
high-quality content that caters to the evolving and diversified
interests of its users and communities, and has built its platform
based on the strong emotional connections of Bilibili’s users to
its content and communities.
For more information, please visit: http://ir.bilibili.com.
About NetEase, Inc.
NetEase, Inc. (NASDAQ: NTES) is a leading
internet technology company in China dedicated to providing online
services centered around content, community, communication and
commerce. NetEase develops and operates some of China's most
popular PC-client and mobile games, and partners with Blizzard
Entertainment, Mojang AB (a Microsoft subsidiary) and other global
game developers to operate some of the most popular international
online games in China. NetEase also operates Kaola.com and Yanxuan,
two e-commerce platforms that cater to the rising middle-class
consumer market in China. In addition, NetEase offers advertising,
e-mail and other services. For more information, please visit:
http://ir.netease.com/.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident,”
“potential,” “continue” or other similar expressions. Among other
things, the Outlook and quotations from management in this
announcement, as well as Bilibili’s strategic and operational
plans, contain forward-looking statements. Bilbili may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission, in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including but not limited to statements about Bilibili’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Bilibili’s
strategies; Bilibili’s future business development, financial
condition and results of operations; Bilibili’s ability to retain
and increase the number of users, members and advertising
customers, provide quality content, products and services, and
expand its product and service offerings; competition in the online
entertainment industry; Bilibili’s ability to maintain its culture
and brand image within its addressable user communities; Bilibili’s
ability to manage its costs and expenses; PRC governmental policies
and regulations relating to the online entertainment industry,
general economic and business conditions globally and in China and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in the
Company’s filings with the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of the press release, and the Company undertakes
no duty to update such information, except as required under
applicable law.
For investor and media inquiries, please
contact:
In China:
Bilibili Inc.Juliet YangTel: +86-21-2509 9255 Ext. 8523E-mail:
ir@bilibili.com
The Piacente Group, Inc.Ross WarnerTel: +86-10-5730-6201E-mail:
bilibili@tpg-ir.com
In the United States:
The Piacente Group, Inc.Brandi PiacenteTel:
+1-212-481-2050E-mail: bilibili@tpg-ir.com
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